July 9 - Ubisoft (UBSFY, Financial) shares edged up around 1.5% on Wednesday following confirmation of fresh layoffs at its Red Storm Entertainment arm.
The Paris-based publisher said it will let go of 19 employees from the studio behind Star Trek: Bridge Crew and Tom Clancy titles as part of broader cost‑cutting measures. Affected staff will receive severance pay, extended healthcare benefits and career transition support, and no other studios are impacted.
Despite Tencent's (TCEHY, Financial) $1.25 billion funding round earlier this year, Ubisoft concluded further structural adjustments were needed to streamline operations.
Red Storm Entertainment's website continues to list open positions, suggesting the studio remains active in recruitment.
Trading volume reached about 40,000 shares, well above its three‑month daily average of roughly 1,750, underscoring investor attention to the announcement.
Ubisoft's stock is down about 22% year‑to‑date and has fallen more than 56% over the past 12 months, reflecting broader pressures in the gaming sector.
A Ubisoft spokesperson declined to comment beyond the press release.
